61% Upside Awaits Pepe Coin
61% Upside Awaits Pepe Coin, Is a Bullish Breakout on the Horizon?
With the Pepe Coin (PEPE) price holding steady below the $0.0000080 level, analysts are anticipating an imminent bullish breakout, with some even predicting that the price could retest the July highs of $0.000013, which would represent a 61% upside move.
But so far, PEPE price has been stuck in an extended downtrend since hitting its highs in May, recently settling below the 200-day moving average (DMA-200) at $0.0000085, which is currently acting as a major resistance level; But that doesn’t mean the bears have won, as Federal Reserve Chairman Jerome Powell is expected to give the green light for a series of rate cuts today.
